BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) Short Interest Down 82.8% in July

BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 375 shares, a drop of 82.8% from the July 15th total of 2,176 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 4,554 shares, the days-to-cover ratio is presently 0.1 days.

BondBloxx B Rated USD High Yield Corporate Bond ETF Stock Performance

NYSEARCA XB remained flat at $39.02 during trading hours on Wednesday. 732 shares of the company traded hands, compared to its average volume of 10,719. BondBloxx B Rated USD High Yield Corporate Bond ETF has a 12 month low of $38.51 and a 12 month high of $39.92. The stock has a 50 day simple moving average of $39.07 and a two-hundred day simple moving average of $39.18.

Hedge Funds Weigh In On BondBloxx B Rated USD High Yield Corporate Bond ETF

An institutional investor recently raised its position in BondBloxx B Rated USD High Yield Corporate Bond ETF stock. Cetera Investment Advisers boosted its stake in shares of BondBloxx B Rated USD High Yield Corporate Bond ETF (NYSEARCA:XB) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,257 shares of the company’s stock after purchasing an additional 4,242 shares during the period. Cetera Investment Advisers owned about 9.46% of BondBloxx B Rated USD High Yield Corporate Bond ETF worth $3,243,000 at the end of the most recent quarter.

About BondBloxx B Rated USD High Yield Corporate Bond ETF

The BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of B (or its equivalent), based on an average of three main credit rating providers. XB was launched on May 24, 2022 and is managed by BondBloxx.